The given statement about the law of demand is false and the appropriate law is explained below.
<h3>What is Law of Demand?</h3>
This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.
With this in mind, we can see that the law of demand works with the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.
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Amortization simply means the practice of spreading the cost of an intangible asset over the useful life of the asset.
Your question is incomplete as you didn't provide the amortization table. Therefore, an overview of amortization will be given.
It should be noted that amortization is usually expensed on a straight-line basis. In such a case, the same amount will be expensed for every period over the life of the asset.
For example let's assume that Janet borrows $2000 at 4% for 2 years. The interest that will be paid will be:
= $2000 × 4% × 2
= $2000 × 0.04 × 2
= $160
The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.
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Answer:
$38.14
Explanation:
The yield to maturity on the bond can be computed using the rate formula in excel as shown below:
=rate(nper,pmt,-pv,fv)
nper is the bond life measured in years which is 10
pmt is the annual coupon payment since the bond zero coupon ,pmt is $0
pv is current price of the bond which is $415.50
fv is the face value of the bond i.e $1000
=rate(10,0,-415.50,1000)=9.18%
implicit interest in dollars for first year=cash proceeds*yield to maturity
cash proceeds which is the same as price of bond is $415.50
implicit interest in dollars=$415.50*9.8%=$38.14
Answer: (D) Audience oriented
Explanation:
The effective business writing is should be economical, audience oriented and also purposeful to the public so that we can easily explain about the main objective of the topic.
The importance of the business writing is that it helps in providing the strengthening of our organization and also build good communication with the consumers.
The audience oriented is one of the efficient communication with the audience where the speaker use their skills such as content and language for explaining bout the topic purpose in front of audience.
Therefore, Option (D) is correct.
